{"name":"SG PLATFORM LTD","company_number":"08890359","status":"Liquidation","type":"Private Limited Company","incorporated":"2014-02-12","dissolved":null,"registered_office":"Opus Restructuring Llp, 1 Radian Court, Knowlhill, MK5 8PJ","postcode":"MK5 8PJ","sic_codes":[{"code":98200,"description":"Undifferentiated service-producing activities of private households for own use"}],"principal_activity":null,"previous_names":[{"name":"SHIFT GROUP LTD","changed_on":"2024-03-18"},{"name":"ITTECHNA LIMITED","changed_on":"2018-01-02"}],"warnings":["The annual accounts for this company are overdue."],"accounts":{"category":"Total Exemption Full","year_end":"30 March","last_made_up_to":"2022-03-31","next_due":"2024-03-30"},"employees":null,"financials":[{"financial_date":"2022-03-31","net_assets":8570764,"cash":4682934},{"financial_date":"2021-03-31","net_assets":2139240,"cash":1199792},{"financial_date":"2020-03-31","net_assets":-1179754,"cash":781721},{"financial_date":"2019-03-31","net_assets":59419,"cash":114700},{"financial_date":"2018-03-31","net_assets":-9654,"cash":4618}],"officers":{"current":5,"resigned":5,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":0,"outstanding":0},"gazette_notices":[{"date":"2024-07-05","kind":"insolvency"}],"insolvency_outcome":null,"ai_summary":"SG PLATFORM LTD (formerly Shift Group) is in liquidation following years of unsustainable losses totalling £12.6M in accumulated deficits, despite approximately £18.8M in equity injections across the two most recent financial years. The company's registered address at Opus Restructuring LLP confirms formal insolvency proceedings, and the last filed accounts reveal critical concerns including 91% debtor concentration in related-party balances and distressed subsidiary disposals at nominal consideration. Recovery prospects for creditors and any residual equity holders are highly uncertain pending the liquidator's assessment of asset realisability, particularly the £4.96M inter-company balances.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/sg-platform","people":"https://www.companiesintheuk.co.uk/company/sg-platform/people","filing_history":"https://www.companiesintheuk.co.uk/company/sg-platform/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/08890359","financials":"https://www.companiesintheuk.co.uk/company/sg-platform/financial","gazette":"https://www.companiesintheuk.co.uk/company/sg-platform/gazette","control":"https://www.companiesintheuk.co.uk/company/sg-platform/control","charges":"https://www.companiesintheuk.co.uk/company/sg-platform/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/sg-platform/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/sg-platform"}